When Risk Taking Goes Too Far - The Archegos Collapse
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@Ben-kz2km 2 роки тому
The five banks basically reenacted the prisoner's dilemma. Except, they were allowed to communicate and they still failed.
@ThePrashu31 2 роки тому
When dealing with the likes of Goldman Sachs and Morgan Stanley, those European and Asian banks had no chance. I would have bet my life savings that it would be one of these two who would try to pull a fast one on the others.
@ManforSomeMarkets 2 роки тому
“Prisoner’s Dilemma? No dilemma about it, the other guy was too slow.”
@thewanderer4509 2 роки тому
Basic backstabbing
@moneyprinter9269 2 роки тому
From a game theory expert view, the most rational action when you encounter a prisoners dillemma, is to cheat/backstab first.
@voorstenkamp 2 роки тому
Can someone explain this prisonets dilemma?
@Big_Tex 2 роки тому
He forgot the 11th Commandment: Thou shalt be careful with the leverage.
@moofymoo 2 роки тому
shh! Moses lost that tablet, we don't speak about those commandments.
@j4genius961 2 роки тому
🤣🤣🤣🤣 And thou shall diversify
@loginavoidence12 2 роки тому
people who use leverage remind me of the homeless or working class buying lotto tickets. avoid doing that.
@jamesasimmons 2 роки тому
Book of Proverbs is full of verses about how evil debt is.
@oldmandoinghighkicksonlyin1368 2 роки тому
And Moses said, "It literally cannot go tits up."
@kenichi9103 Рік тому
"no individual has lost so much money that quickly" SBF: "hold my beer"
@jefflight8188 Рік тому
I thought soo too, then checked and so the video was out a year ago lolz
@theguardian308 Рік тому
Did he really “lose” it?
@Marco-fn6kg Рік тому
🤣🤣🤣🤣
@SalfordMatt Рік тому
Elon Musk: "hold my beer"
@BewareTheLilyOfTheValley Рік тому
"With his car being a Hyundai, he wasn't your typical billionaire." Are we so sure about that?! 😂
@John-doe955 2 роки тому
Anyone who claims to believe heavily in religious values while engaging in activities that have nothing to do with religion tends just be using religion as a shield from criticism and to gain trust by implying they will act morally.
@skindred1888 Рік тому
Isn't that what everyone does ?
@Znwarp Рік тому
Or a nutbar
@Cbd_7ohm Рік тому
@@skindred1888 Religious people are always scammers and/or nuts and/or dumb.
@Cbd_7ohm Рік тому
@@Znwarp Yep
@aluisious Рік тому
Anyone who is a Christian and a capitalist probably doesn't understand either.
@charlesrichard7715 2 роки тому
Always gotta love when the richest people on the planet say, "Life isn't about money." Yea, ok dude.
@Player-ix7rx 2 роки тому
This is a saying of the rich people to keep the poor out
@capmidnite 2 роки тому
@@Player-ix7rxThe rich have other ways of pulling up the ladder after they've made it, but saying such cliches probably isn't one of them.
@ascendrio 2 роки тому
Being rich can´t buy you happiness, but being poor can´t buy you anything.
@GoldenuggetZMC 2 роки тому
It isnt
@capmidnite 2 роки тому
Those who built their fortunes largely from scratch often do it from an inner drive to succeed. Money and the things it can buy are just tangible evidence of their success. Those who inherit their money often just drift along in life, dabbling in the arts or philanthropy.
@DarkestMirrored 2 роки тому
God, I love how our entire economic system is based on gambling on imaginary money that can vanish over the course of days, hours, or even minutes.
@davidlorang7697 2 роки тому
It would be hilarious, except it affects us poor peasants.
@juandager5220 2 роки тому
I thought so too. Until an economist friend made me realize all value is imaginary. Compare a Casio with a Rolex. Why are their values so different?
@spdzodzo 2 роки тому
that's why the best investment is into things that can't be stolen or lose value like knowledge or health
@rhood0001 2 роки тому
Buy Bitcoin.
@hirensingharay2157 2 роки тому
Please read The Creature of Jekyll Island ! Hard facts exposing blinding faith.
@PanduPoluan 2 роки тому
Always love your story of such disasters. You make things really clear for me, a non-economist. Keep up great work!
@JonatasAdoM 2 роки тому
These could be shown on TV.
@ronaldl9085 2 роки тому
"He started with 8.8 million dollars from family and friends!" That's how the rich get richer.
@Zordiak 2 роки тому
That ROI will turn $1000 into $2,270,000. Has nothing to do with the initial investment and everything to do with the rate of return. But "Muh rich people" right?
@deeree1037 2 роки тому
That’s because he ran something called a “small family office”. This type of hedge fund doesn’t take outsider funds and only takes money from… family and friends. Less scrutiny from SEC, more leverage opportunities, less client disclosure. But your also trading with less principal capital.
@pass_the_flask 2 роки тому
@@Zordiak 8.8 million gives you access to a fuckton more leverage than $1000 does
@bobbygetsbanned6049 2 роки тому
@@Zordiak Don't forget he lost everything and people still complaining about the rich getting richer lol.
@DawryMike Рік тому
@@bobbygetsbanned6049 Wow one rich guy lost his money so the whole sentiment must be false lol
@dangremaus1164 2 роки тому
LTCM did the same thing back in 1998-“Trust us, we’re the smartest guys in the business.” Massive amounts of leverage.
@skeetrix5577 2 роки тому
ahh good ol LTCM. seems they never learn
@dustinreynolds1552 2 роки тому
Yeah using risky algorithms that aren't fully tested and 100x leverage is basically a recipe of disaster
@techgod3670 2 роки тому
We want a video on LTCM strategy and it's fallout by coldfusion
@kirilmihaylov1934 2 роки тому
@@dustinreynolds1552 it is . In this business risk management is the most important
@mattmcfly2165 2 роки тому
whiffs of enron. lol
@biglil771 2 роки тому
This man is single-handedly stopping inflation
@mth469 2 роки тому
Bless his soul.
@kihbjcjdjd7022 2 роки тому
Lol
@ajaymg1076 2 роки тому
Who???? This UKpostsr??🤔
@iwams1 2 роки тому
@@ajaymg1076 ur pretty thick
@First_Principals 2 роки тому
The government are doing everything they can to stop deflation. Can they continue?
@bjkarana 2 роки тому
Mr. Huang: "I'm wildly wealthy, but _life isn't about money_ ." God: "Hold my beer!"
@rosekelvin9409 2 роки тому
😂😂😂😂😂
@God7odTaxationIsTheft 2 роки тому
Ayo
@ajaypaul5184 2 роки тому
God or wall street
@stellaofthelake3451 2 роки тому
lmfao
@bobblue_west 2 роки тому
Just a sleazy gambler and preaching Christ. Now called virtue signalling.
@tonicruger 10 місяців тому
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
@sherryie2 10 місяців тому
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@kurttSchuster 10 місяців тому
@@sherryie2 That's right, you can avoid the traps of lifestyle inflation by consulting an expert advisor to help you plan for your short- and long-term goals; it all comes down to proper guidance. Over the past two years and six months, I have seen my income build wealth and now have a fully paid off house and at least $650,000 in stocks. All this is the result of subsequent investments with my savings and the application of expert advice.
@Mcllwain 10 місяців тому
@@kurttSchuster Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.
@kurttSchuster 10 місяців тому
@@Mcllwain credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@Mcllwain 10 місяців тому
@@kurttSchuster She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
@txkos 2 роки тому
I guess that was God’s way of telling Bill he didn’t need his help after all.
@migovas1483 2 роки тому
God needs lots and lots of money, don't you know that? His glorious greed never ends...
@jimgsewell 2 роки тому
God was obviously not pleased with him. Perhaps he should kill his first born, in order to get back on the right side of God.
@MayorSom 2 роки тому
God probably said, "Don't waste my time: If ain't Bezos wealth, then I don't wanna hear it!"
@karnasingh860 2 роки тому
@@migovas1483 How dare you to assumes god's gender you homophobic bigot
@kytv9000 2 роки тому
If you win while praying for your christian god, it is god who has helped you win. If you lose, it is god that's telling you it does not belong to you. That is why your christian god on the other hand, is never wrong anyway.
@iceman4660 2 роки тому
Beware anybody who uses their faith as an asset in promoting their business.
@getoffthisrocktravel2054 2 роки тому
Mate i agree highly. I lived with a close mate (not anymore) who is a devout Christian and obsessed with trading stocks. He earned good money as a high up manager. But will never hire a tradesman to render/repair his house. Either its me bandaiding/repairing wear and tear or other mates for a carton of alcohol. When i moved out the washing machine hot/cold facets had busted off the wall & flooded the house. Instead hiring a plumber he paid someone off Gumtree/craigslist for $50..... the repair job was even worse. My "close mates" reaction " this breaks my heart my faith was in that man to help me out" 😑
@SF-fb6lv 2 роки тому
I only apply 'faith' to math.
@kylekennedy420 2 роки тому
I can’t understand how Bill is still optimistic about his company, no bank will ever loan him funds ever again.
@victorgbs 2 роки тому
Don't underestimate greed and stupidity. Ever.
@inkbold8511 2 роки тому
He done something similar before and bank forgive him after 2-3 years and started lending him money again. And this time maybe another 2-3 years they will do the same thing
@Abyss-Will 2 роки тому
I'm sure the dude is still handling millions.
@blaquentgruppe6547 2 роки тому
bill have.cash sitting he never be poor
@Hello-um5dj Рік тому
Trust me - as a trader - there are good and bad days--- Just because he lost that amount in a day doesn't make him a bad trader- he just have to go back to the drawing board and revise his risk management ! his lost doesn't take away how brilliant he is in taking millions to billions! and people who have the skill will tell you - "I can lose it all and still go get it again tomorrow" ! im sure he will raise again !
@souvikrc4499 Рік тому
And now Archegos is now one of the big factors that led to Credit Suisse's downfall.
@RN-kl4kp 2 роки тому
"If a walls street guy says it's not about money RUN "~ Rohan B Naik
@archockencanto1645 2 роки тому
Why do I feel like you're Rohan B Naik...
@luxurylifestyle4518 2 роки тому
Lol you correct man
@dr.science_0177 2 роки тому
Who?
@fireflymedia97 2 роки тому
I can hear the run bgmmm 😂
@cvspvr 2 роки тому
ah yes, the famous rohan b naik!
@angelarch5352 2 роки тому
"Money isn't everything... I want to spread the word of God." --> God smashes his stock to prove the point.
@BronzeAgeMan1350 2 роки тому
Oh God, your comment is funny!!
@chrisjenkins9978 2 роки тому
😂🤣😂
@nyackvaughn7863 2 роки тому
Exactly
@thatsawesome2060 2 роки тому
That's nothing, latter he can just become Priest and people willingly give him their money to buy his mansion and private jet.
@fahimshahriyar3118 2 роки тому
@@thatsawesome2060 Hey man... God told him to buy the Jet :p
@alexanderg1935 2 роки тому
When Hwang tells you there's nothing Hwang, but the leverage is guided by a prayer and a song, you know something is very Hwang.
@andwithtthat 2 роки тому
The way you effortlessly switch between different pronunciations of Hwang to calling this man Bill like he’s your friend has me DEAD! 🤣 Keep up the good work!!!
@Calebgoblin 2 роки тому
"it will probably be fine potentially" -Huang, probably
@ahahn928 2 роки тому
"It'll be fine" - Drinker
@brunosmith6925 2 роки тому
Interesting to see that when stocks are on the rise, you're playing with imaginary money, but when the values fall, that suddenly becomes real money.
@terryhigson434 2 роки тому
Vast majority of the money isnt real, they use wash trading to fake raise the price.
@Zyphera 2 роки тому
In the end the money represent all humans possession and work time. No matter the value of the money. The possessions and work time will be the same.
@najibzaoui4073 2 роки тому
@@Zyphera not really. money is supposed to represent "value" hence it is subjective. think of a louis vuitton bag. it costs $50 to manufacture yet it retails in the thousands. and someone will pay that amount. because they see some sorts of intangible value in it. value is subjective.
@Zyphera 2 роки тому
@@najibzaoui4073 yes its subjective. Hence imaginary
@terryhigson434 2 роки тому
@@najibzaoui4073 Something is only worth what someone is willing to pay for it.
@sawyertargosz1396 2 роки тому
He says he loves god more than money but with the way he makes money he must love god very much
@fhozouri 2 роки тому
As usual, very interesting and comprehensive subjects. Thank you
@awijaya2116 2 роки тому
The amazing thing about this story is that if we stopped it prior to him yeeting it all away, it'd be one of those inspirational self-made billionaire stories. Hwang's appetite for risk made him rich, but it was also responsible for his downfall.
@lukevortex1037 2 роки тому
Like Icarus flying to close to the sun...
@thequantumguy5067 2 роки тому
it also shows that a persons ideas and beliefs , the very things that drive their actions and thus make what he or she is, are way more important than what they have managed to "achieve" in life, as they can very easily loose every thing they gained due to their beliefs and ideas being fundamentally flawed and unsustainable
@abrararifify 2 роки тому
This sounds exactly like the people in Wallstreetbets. The same people that make a million dollars due to their risk tolerance, but that same risk tolerance ends them losing all their money a few days later
@hollystiener16 2 роки тому
He also practiced insider trading. He is not who he claims to be.
@awijaya2116 2 роки тому
@@georginam824 I hate to defend Hwang, but the money he risked was either his or entrusted to him by personal friends. Archegos was a family office. It's why his personal net worth skyrocketed alongside the fund - even successful hedge fund managers don't see a 1:1 correlation between personal net worth and fund performance. So technically, he wasn't actually gambling with other people's resources. He's more like that guy who went bankrupt gambling at Las Vegas.
@rollyth6525 2 роки тому
Used leverage once , flipped 500 in 5k then went -160 . Never again . Thank you
@cvspvr 2 роки тому
i tried leverage trading with bitcoin once. the leverage was set to 100x but i had no idea what it meant, i just thought i was spot trading. within 30 minutes, i turned my $100 into $300, and then lost it all in the next 5 minutes
@Lymoate 2 роки тому
@@cvspvr 😂
@sgtjonmcc 2 роки тому
You both made the same mistake he did, when using leverage to any degree you have to reduce your "exposure". Your exposure is the percentage of your portfolio you place at risk. Rule of thumb when using leverage is to only use 10% of your typical exposure which is typically only 10% or less of your total portfolio. So if you do the math 10% of 10,000 is 1,000 amd 10% of that is 100. You do this because when in the case say 100x leverage 100 is multiplied (you borrow) 100 times your collateral 100 time 100 is 10,000. Doing this allows you to greatly increase the diversity of your portfolio. As a portfolio with $10,000 is equivalent to a portfolio of $1,000,000 dollars, only difference is the fact that you are extremely exposed to broad market volatility. As you could see from the example when the market turns out of your favor in one area you may be forced to liquidate other positions to compensate the losses.
@MrAaron5627 2 роки тому
Yep, talk about an emotional rollercoaster. That's why I throw 75% of my retirement into a Vanguard S&P index fund me let it ride. I'll allow 10%, max, for high risk gamble. I'll be honest though, I bought a lot of gold before during the covid debacle and feel like a genius, even though I know it was dumb luck.
@stephenwest2 2 роки тому
@@sgtjonmcc Who said that they dumped all their portfolio on leverage?
@robertdais9069 Рік тому
I love Cold Fusion stories & his music is slamming! Keep bringing awesome stories & dope ass beats!😁
@SPYD0R 2 роки тому
Excellent piece of reporting on this issue and great job on the presentation too.
@FinancialShinanigan 2 роки тому
Definitely easier to gamble with other people's money
@RudolfJvVuuren 2 роки тому
Easier yes, smart....?
@Meatball2022 2 роки тому
@@RudolfJvVuuren very smart unfortunately. But sometimes criminal. Any time the investor gives money to a guy like this, they are trusting they know what they’re doing. That’s their mistake. It’s always smarter to gamble with someone else’s money. Win and you’re a hero. Lose and it’s THEIR problem
@manigill8571 2 роки тому
It's not easy bud. Some investors come after your life/ legally or illegally. Especially when 100+ mill is involved.
@Aliens1337 2 роки тому
@@Meatball2022 I mean, dude is probably in protection for his life rn. You don’t lose billions of dollars and get off easily. You can fuck with poor people’s money, but fuck with rich people’s money and you’re a dead man.
@davemeads859 2 роки тому
Depends who's money it is it's no fun gambling with loan sharks money
@jl2525 2 роки тому
‘God has a long term view’ - quote of the year! LMAO.
@petercowling6769 2 роки тому
who knew
@anthonyprice1576 2 роки тому
So funny🤣
@jeremykwak8586 2 роки тому
God: That's right, I do, but you, Bill, you don't
@AH-wr1ir 2 роки тому
it's incredible how many intelligent people can be infected by religion to the point where they say stuff like this and not even realise their own stupidity. At its very worst, they can even be convinced to fly planes into buildings.
@nicholaschristian7189 2 роки тому
Risk management... A lesson so simple and yet so hard to learn because practicing it may go against the very fabrics of our beings.
@MrJosp87 2 роки тому
"Archegos" ("Αρχηγός") means "Leader" or "Chief" in Greek
@kcanyon9108 2 роки тому
Bravo!
@giannispets 2 роки тому
Yeah... i laughed when they said in the video that archegos means something about Christianity haha
@JohnSmith-eo5sp 2 роки тому
Could've sworn ARCHON was Greek for magistrate
@seliamila1005 Рік тому
@@JohnSmith-eo5sp archon of Tevinter
@jaybee5315 2 роки тому
“Bill was secretive, often conceiling particularly large holdings from his own analysts” So, a real life Bobby Axelrod
@TheDynamo94 2 роки тому
He doesnt look like a carnivore fucking monster.
@henryeghaghara9385 2 роки тому
Bobby was very particular about risk and he never hid position from analyst
@longhorndb 2 роки тому
Axe wouldn't lose that much.
@blaquentgruppe6547 2 роки тому
until two analyst spoke to each other.SWAP FEE IS AMAZING..HE REFUSE TO BAIL..HE SO GODLY HOW COHEN END UP WITH METS
@konsevdi 2 роки тому
Paused at 5:49 just to say that ARCHEGOS is the word for LEADER in Greek and that's what I think he wanted to portray with the name.
@roverrange3674 2 роки тому
I believe you. You have the most greek name ever.
@konsevdi 2 роки тому
@@roverrange3674 lol thank you!
@ErugoPurakushi 2 роки тому
I paused too, since that seemed like a glaring mistake (I'm Greek too). Then I googled "archegos etymology" and, for some reason, the first result I got was this Definition 1.The chief leader, prince a. of Christ www.biblestudytools.com/lexicons/greek/nas/archegos.html
@ameen2428 2 роки тому
@@roverrange3674 lol, so true
@konsevdi 2 роки тому
@@ErugoPurakushi sure that explains it! In terms of etymology however it's pretty clear.
@peanutboy0921 2 роки тому
I love this channel. Always learn something new.
@MetroVancouverASMRGuy Рік тому
These videos are so addictive, great work.
@zenyu94 2 роки тому
" He was the son of a pastor " - oh boy here we go again
@marindraganov5897 2 роки тому
Actually his faith has nothing to do with his investing style. Those are two quite separate things.
@SlapstickGenius23 2 роки тому
I think the pastor father might have abused Bill Hwang a lot, which is why the latter is shady as he is.
@mth469 2 роки тому
the only boy who could ever reach me was a son a preacher man.
@marindraganov5897 2 роки тому
@@mth469 Nice song!
@talkingeclectic4540 2 роки тому
Thats Ken Lay's upbringing, the father of Enron.
@ismailnyeyusof3520 2 роки тому
Bill Hwang, a well educated, savvy investor with the instincts of a hardened gambler and the missionary zeal of a religious extremist. Dangerous combination of three combustible materials. The secrecy of the whole thing was the most important part, I think, that made it so lethal.
@kirilmihaylov1934 2 роки тому
He was a gambler
@yonisali3879 2 роки тому
"A well educated, savvy investor with the instincts of a hardened gambler and the missionary zeal of a religious extremist. Dangerous " If you think about don't all all those things cancel each other out to some degree ?
@ismailnyeyusof3520 2 роки тому
@@yonisali3879 some, maybe, but obviously not enough!
@Ah-dz5rf 2 роки тому
religious extremist is a bit much
@small_joys2022 Рік тому
Just a fraud who gambled with other's money and tried to use religion to cover it up.
@Visionary0001 2 роки тому
Note that the guy who is interviewing Bill Hwang is literally starting to laugh in Bill's face, (6:36) when bill says he wants investors to "now the reality of God."
@derwin.tambunan Рік тому
brilliant analysis. I love this channel
@mikeyounes2756 2 роки тому
"Devout Christian" as if that brings any credibility or ethics with it.
@CoDxMassacre 2 роки тому
lmao, it might have been said as a warning sign
@willyolio9590 2 роки тому
It means they have no ethics, anything they do they can always tell themselves "I'm doing it for God"
@katherinealvarez9216 2 роки тому
Like when a CEO/company says how they're "like a family" with thier employees.
@MickaelBNeron 2 роки тому
Very much the opposite
@mrfake675 2 роки тому
It can if people practice what they preach. This guy was a fraud who used the faith to serve his interests not God's. Sadly not very uncommon. But people use anything for leverage these days.
@damssen3234 2 роки тому
That’s a great hairline. You’d think the stress would have destroyed it
@mathiaslarsen6829 2 роки тому
Lmao he bought it
@mxnty83 2 роки тому
😂😂😂😂😂
@thandoreviews8886 2 роки тому
beautiful head of hair hey
@keno9964 2 роки тому
He not stressed, other peoples money.
@orobleh77 2 роки тому
I can understand making mistakes through un-calculated risks, but being a man of God and cheating or commiting fraud do not mix.
@FozzyZ28 2 роки тому
Along with a pleasant voice, your factual information is correct. 👍
@AvastarBin 2 роки тому
As Michael burry said : "He mistook leverage with genius." Edit : it's Steve eisman not burry
@trung2735 2 роки тому
I pretty sure that was Steave Eisman
@L3uX 2 роки тому
Yup, it’s Steve Eisman lol.
@Karzacan 2 роки тому
Wrong guy bruh
@CG-yq2xy 2 роки тому
"I repeat this until I am sufficiently leveraged for my Personal Risk Tolerance" -Lehman Brothers (probably)
@gonzalomoreno560 2 роки тому
@@CG-yq2xy Guh
@Kncperseus 2 роки тому
The fact that he's still alive and sane after losing 20 billion $ in 2 days is proof that he is no average guy. Making 20 billion $ is in itself a feat, but surviving its loss is a span of time so short?? Goddamn
@najibzaoui4073 2 роки тому
high risk tolerance.
@IWantToStayAtYourHouse 2 роки тому
Honestly i would probably neck myself if i was this guy
@MOTIVATIONBYDAR 2 роки тому
He is probably very cold blooded which is a blessing and a curse as a trader. A blessing because wins or losses are both taken with no emotion but also a curse because you are ok with losing a bunch of other peoples money with no remorse or feeling of obligation to those investors.
@thefirsttrillionaire2925 2 роки тому
I’m surprised someone hasn’t tried to knock him off yet
@supetrarealidadsucks7304 2 роки тому
@@thefirsttrillionaire2925 can't.
@bleachedrainbow 2 роки тому
So basically my take-away from this is that this guy would have been one of the absolute "greats" at wallstreetbets
@muppetb.lansing8374 2 роки тому
This reminds of South Park, the banking episode; ".....aaaaaand, its gone!"
@lazycomicgamer2313 2 роки тому
I left this part of the Financial industry a few months before the whole archegos story was out. I had a contact at one of the Banks mentioned and they worked in a department that was somewhat closely associated(not fully) with Bill, When he call in looking for money My contact said he would alway end the call with "have a blessed day and thank you for doing gods work" and it just seemed off to him but his superiors told him its just who bill was. To me dude sounded like the scamTelevangelist you see on TV.
@Hello-um5dj Рік тому
haha what's wrong with that - that was his believe- I thought we were in a world were people can be themselves. He was doing business with the bank- its not like they were giving him money for free!
@Setixir Рік тому
@@Hello-um5dj Hes using it as a shield. Acting extremely devout while doing things that explicitly go against that is uh... Ya know...hypocritical
@glenjojo8371 2 роки тому
You'll always find Credit Suisse, UBS and the top banks always involved in these stories
@DpKris 2 роки тому
Also may be soft bank too.
@coolbuddyshivam 2 роки тому
Goldman Sachs. They even helped a person rob $4 billion in Malaysia.
@curiosityshop2297 2 роки тому
Dude credit Suisse has lost so many times I have no idea how they are still in business.
@peterpaul9320 2 роки тому
Just Deutsche missing
@wagonet 2 роки тому
How did I not hear about this. What a story. Subbed. Wow such a great video
@fredbailey5143 2 роки тому
Invest just 10% of your earnings, your own hand-picked stocks. You'll realize that you have beaten "Monday blues" for the life.
@smithwillison6345 2 роки тому
There's a mystery in investment.
@jamesmarcus4105 2 роки тому
At one time, I worked for a 410k retirement plan company that handles retirements plans for transamerica, vanguards, and all others 410k and IRA corporations operating in America. I can tell you, at first that retirement plans are a scam designed to make investors money without spending a dime of their own money.
@oscarkelly3378 2 роки тому
When you work on something that only has the capacity to make you 5 dollars, it doesn't matter how much harder you work. The most you will make is 5 dollars, very simple.
@tylerwilson5747 2 роки тому
I've different news about bitcoin mining and how tricky it is but people still say it's safe, I just need a reliable business expert.
@ericrobert4651 2 роки тому
@@tylerwilson5747 I made a cool withdrawal of $9400 on my first trade from Bitcoin mining and it was mind blowing.
@SubvertTheState 2 роки тому
When wealthy people roll snake eyes: "I think the regulators need to get involved"
@Dogche 2 роки тому
I have class from 8:30am and it’s 4:50am here in NewZealand. Let me grab some sleep Dagogo
@unbeatable3d 2 роки тому
you still have 4 hours to sleep
@mytradingjournal123 2 роки тому
I wonder if Dagogo uploaded it at 4:00 in the morning!?
@julien2231 2 роки тому
@@unbeatable3d way to math.
@TJsVette 2 роки тому
Get some rest
@sagbear 2 роки тому
Better watch later after class
@Mayor1248 Місяць тому
I keep loosing in real trade but win in Demo. Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?
@Zubaida.Ali.Ali5327 Місяць тому
I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.
@vincentstewart1843 Місяць тому
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
@maureen... Місяць тому
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
@maureen... Місяць тому
Kate Floretta in stagram
@maureen... Місяць тому
Google "katefxfloretta" anywhere take classes and learn to trade.
@mennoknight78 2 роки тому
The 'interview' at 6:26 feels like a scene from Mr. Show. It's almost surreally funny.
@a753951852 2 роки тому
Nothing says virtues of the gods like defaulting on margin calls..
@ArbiterofMankind 2 роки тому
And doesn’t the bible condemn the use of interest? Yet he borrows and shorts. 🤔
@mahindra123456789 2 роки тому
Finally a version of this story I actually understand! Thank you
@DoggoWillink Рік тому
This is a good video on the background and mechanics of this, but I’d like to mention the Chinese government’s tightening on foreign listed (US) stocks and regulation on certain stocks such as online education stocks (which iirc were essentially banned overnight). He had heavy, leveraged positions in a couple of these stocks and almost overnight he lost an insane amount on them. I still remember when this happened and watching the market.
@BunneRabb 2 роки тому
"Oh, I get it. Y'all are a couple of bookies." - Billy Ray Valentine - "Trading Places".
@Mechaneer 2 роки тому
You know just what I like to see! I've been wondering who was going to be the first to make a good video about Archegos because I'm certainly interested in WTF they did and what exactly happened, but not enough to actually look up and read articles from multiple sources to learn about it.
@AuthPrank 2 роки тому
What I understood is that the man has a Gambling Addiction, Getting High off of taking Risks.
@YoungDen 2 роки тому
High risk
@altongrimes 2 роки тому
"Family offices" is a reality I know nothing about but am intrigued to learn more about.
@MOTIVATIONBYDAR 2 роки тому
It just means he had only family working with him like the mafia so they could ensure any illegal activity wouldn’t be leaked by future employees because they were all family and all benefited from it. Churches have been doing this for a while. Pastors appointment only family members to the churches board so any money that is being stolen from the members is never leaked because anybody in the know is family and is benefiting from the nefarious activities.
@biologyenableswhatculturep1497 2 роки тому
Such a insightful video, I have watched this 3 times now and I keep coming back to watch it all again. You make content live and that lands right in my mind :)
@MixSonaProductions 2 роки тому
i like it when you cover financial matters. Your channel has grown a lot. I have been with you since your note 2 video
@leosketches6640 2 роки тому
Sad and impressive at the same time
@DecontructRecreate 5 місяців тому
Small correction. Archegos, αρχηγός in Greek, literally means the one that leads, a leader. The word doesn’t have any connections to any religion.
@jefflight8188 Рік тому
I love how in 6:29 this guy was like “nah dude I ain’t buyin that”sorta expression🤣🤣
@Chemson1989 2 роки тому
Dr.Strange: "Is that everyone?" Wong: "I want more."
@metallicarchaea1820 2 роки тому
Underrated comment 👏
@IronMan-fi3xz 2 роки тому
*Hwang
@RainMan52 2 роки тому
people who shout out "Gawd" at least 6 times in one sentence scare me.
@redhidinghood9337 2 роки тому
Yeah there are many crazy christians from south korea. Many cults as well
@andtheneverythingchangedwh5234 2 роки тому
Thank you for making this video and explanation. I hope more people learn about this and back stronger regulation
@adi-kr6sh 2 роки тому
BEST UKposts Channel !
@Zantsak 2 роки тому
Thank you for another high quality piece of work. It is just frightening how greed can run rampant.
@RXH88 2 роки тому
I find it funny how he was playing the GOD card and throwing GOD into everything, as a way to justify what he was doing, when in fact he was nothing more than an gambling addict. LOL
@dr-k1667 2 роки тому
Exactly.
@Remember-Death 2 роки тому
That was very "Christian" of him.
@madamec.j7363 2 роки тому
did you see the story in the news recently of the nun who gambled???
@nothingineternityterms 2 роки тому
I think he met his goal. When the bank executives found out Hwang was out of money, they each yelled "JESUS!"
@vishalsinghbaghel 2 роки тому
@@nothingineternityterms LMAO😂😂😂
@MCMLNJ 2 роки тому
Excellent channel guys.
@mistypuffs 2 роки тому
Very informative 👍🏻
@garyongyc 2 роки тому
Yet another amazing video, thanks Dagogo!
@nasif3173 2 роки тому
Love your videos. Get to learn many new and interesting things from your videos
@moepharmo Рік тому
When your winning it feels you can never loose, but you need an exit plan always!
@MichaelGGarry Рік тому
"They mistook leverage for genius” - Steve Eisman
@keithwatson7830 2 роки тому
I enjoy your channel, please keep them coming.
@rvill6146 2 роки тому
Remember: "You cannot serve God and money at the same time"
@davidrubel6295 2 роки тому
You can if money comes first...
@user-xh4zy3js2t 2 роки тому
Both of which are man-made concepts
@saveachildkillacaucroach4266 2 роки тому
@@user-xh4zy3js2t Based
@sorrychangedmyusername3594 2 роки тому
@@saveachildkillacaucroach4266 money is God 😳
@tarotxiii9830 2 роки тому
Meanwhile the pope in his gold gilded pallace.
@TheJamiester 2 роки тому
Nice Fila Brazilia! Love this channel.
@edwardpratchett7248 2 роки тому
Well played!
@ChideNorms 2 роки тому
“It would be easier to pass a camel through the eye of a needle, than for a rich man to enter heaven.”
@mytradingjournal123 2 роки тому
He sure is able to enter heaven easier now.
@ChideNorms 2 роки тому
@@mytradingjournal123 lol truuuuu
@AgerioBoss 2 роки тому
@@ChideNorms i'm sorry but that's a typo search it up if you want.
@josephnapolitano5864 2 роки тому
Was looking for this comment. God is giving him a third chance now to live a "poor" man's life worth of entering heaven. Who wants to take bets on him going for that third try. Of course we are going to use borrowed money who's in?
@josephnapolitano5864 2 роки тому
@@AgerioBoss literally every translation says "It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God." STFU just admit Jesus was a dirt poor socialist and not fucking supply side corporate shill Jesus.
@willdavids7075 2 роки тому
Great content! Can’t wait for more!
@gabrielalan1004 2 роки тому
Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in the twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you're no longer accumulating but withdrawing, it's hard to be anything but cautious.
@usarmy204 2 роки тому
For now, investors getting started can feel overwhelming. Risk loom large and complicated, unfamiliar financial jargons can be intimidating.
@margaretjohn6198 2 роки тому
Hello!!, I'm pleased to meet investors of PEGGY SUE WILSON. I recently ventured into investing with her undertaking trades on my behalf. She has been of great help and her tutelage has brought me to a higher understanding of profit generation.
@marcuswalkerjr.2756 2 роки тому
Due to my experience, their is no magic in trading, having a strategy that ensures profits is the best you can do and that is not for novice, I lost over $5k trading with bad strategy, but with the help of an expert trader Mrs PEGGY SUE WILSON, I have recovered losses and even made more. I trade options and invest in bitcoin with her.
@marcuswalkerjr.2756 2 роки тому
My first investment with Mrs PEGGY gave me profit of over $24,000 and ever since then, she has never failed to deliver and i can even say she is the most sincere broker i have ever known.
@martingilbert7642 2 роки тому
This past months, i have been earning $70,000 weekly, having invested $13,000 and working with Mrs PEGGY SUE WILSON, trading signal.
@trar3645 2 роки тому
Kickin!
@MayorSom 2 роки тому
Financial Times & The Economist are scratching their heads, "How are we not able to produce contents like this? How is one-man band UKpostsr making richer and more engaging contents in our niche, our bread and butter?"
@victorugo3875 2 роки тому
I tend to trust the openly irreligious business person more than the business person that oversells their religiosity as a way to earn trust.
@RA-tg1dp 2 роки тому
Never trust a holier-than-thou fanatic. Also, if you belive in god in the 21st century, you are a fool.
@victorugo3875 2 роки тому
@@RA-tg1dp Word
@drafman1 2 роки тому
@@RA-tg1dp if you really are this close minded then i feel truly sorry for you.
@LargeInCharge77 2 роки тому
@@drafman1 its just called having an education and not living in the stone age using magic to explain things we dont understand
@gladitsnotme 2 роки тому
Tf kinda logic is this? Don't trust either of them idiot, you trust Jeffrey Epstein over this guy?? Wtf
@User18277 2 роки тому
Great Video!
@alexisflores7066 2 роки тому
Thanks!
@KLK01 2 роки тому
He should be a mod at wallstreetbets lmao.
@inferno3080 2 роки тому
🤣🤣🤣
@RebuttalRecords 2 роки тому
I don't trust anyone who claims to know the mind of God.
@ladyj6278 2 роки тому
I don't trust anyone.... period!!
@sebastianhussain4537 2 роки тому
Yes how does someone know the mind that pops up with 404 error every time multiple messages try to describe it. Hard to describe a mind that has been seemed to be offline since BCE.
@sebastianhussain4537 2 роки тому
@Walter Morris Well if god doesn't exist then this non-existence is the 404 error.
@johnmelber1205 2 роки тому
one of the channels that really do work
@timincal2002 2 роки тому
Interesting part and one that's a lesson for anyone in the market. There was a point he could sell. He'd take significant losses but he and his firm would survive. But he wouldn't, he believed the stocks would come back. 'It'll come back' has wiped a couple of small investors I've known. Rule 1, accept losses so you can live to fight another day. Rule 2, see Rule 1.
@ayoubchaban7837 2 роки тому
Whenever I hear "In the name of God" I check if I still have money in my pocket
@AS-yo2xz 2 роки тому
Just like taxeses
@ayoubchaban7837 2 роки тому
@@AS-yo2xz Naaah with taxes you can at least see a bit of it in education, health care, transportation...
@SpragginsDesigns 2 роки тому
Never even heard of this. But my engagement rate of your videos is: 100% and subscribed with All notifications on. Also why I don't have Netflix.
@malavans155 2 роки тому
Thanks
@nico5179 2 роки тому
Very interesting, its exactly what is happening with AMC and Citadel.
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